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pirex pirex
wrote...
Posts: 634
6 years ago
If your bank pays you 6% interest on a savings account and inflation is 2%, your approximate real rate of interest is
A) 2%.
B) 4%.
C) 8%.
D) 12%.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 110 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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Answer verified by a subject expert
TecShdwTecShdw
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Posts: 432
Rep: 0 0
6 years ago
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